NetApp (NTAP) : Orbitronix Lp has sold out all of its stake in NetApp during the most recent quarter, according to the disclosure filed by the company on Aug 11, 2016 with the SEC. The investment management company has sold out 40,700 shares of NetApp which is valued at $1,157,915.
Other Hedge Funds, Including , Rhumbline Advisers reduced its stake in NTAP by selling 3,453 shares or 0.82% in the most recent quarter. The Hedge Fund company now holds 419,259 shares of NTAP which is valued at $11,927,919. NetApp makes up approx 0.03% of Rhumbline Advisers’s portfolio.Blackrock Fund Advisors boosted its stake in NTAP in the latest quarter, The investment management firm added 102,317 additional shares and now holds a total of 4,858,631 shares of NetApp which is valued at $138,228,052. NetApp makes up approx 0.03% of Blackrock Fund Advisors’s portfolio.Airain Ltd boosted its stake in NTAP in the latest quarter, The investment management firm added 8,464 additional shares and now holds a total of 28,922 shares of NetApp which is valued at $784,365. NetApp makes up approx 0.04% of Airain Ltd’s portfolio.Utah Retirement Systems boosted its stake in NTAP in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 52,975 shares of NetApp which is valued at $1,389,005. NetApp makes up approx 0.04% of Utah Retirement Systems’s portfolio. Lingohr Partner Asset Management Gmbh added NTAP to its portfolio by purchasing 51,702 company shares during the most recent quarter which is valued at $1,368,552. NetApp makes up approx 1.32% of Lingohr Partner Asset Management Gmbh’s portfolio.
NetApp opened for trading at $34.88 and hit $35.26 on the upside on Tuesday, eventually ending the session at $34.99, with a gain of 0.81% or 0.28 points. The heightened volatility saw the trading volume jump to 38,80,511 shares. Company has a market cap of $9,800 M.
On the company’s financial health, NetApp reported $0.46 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Aug 17, 2016. Analyst had a consensus of $0.36. The company had revenue of $1294.00 million for the quarter, compared to analysts expectations of $1260.17 million. The company’s revenue was down -3.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.29 EPS.
Many Wall Street Analysts have commented on NetApp. Company shares were Upgraded by Goldman on Aug 24, 2016 to ” Neutral”, Firm has raised the Price Target to $ 32 from a previous price target of $26 .NetApp was Upgraded by JP Morgan to ” Neutral” on Aug 18, 2016. NetApp was Upgraded by Susquehanna to ” Positive” on Aug 18, 2016.
NetApp Inc. (NetApp) is engaged in providing software systems and services to manage and store customer data. The Company offers a portfolio of products and services to a range of customer workloads across various data types and deployment models. Its data management solutions enable customers on-premises or in a public cloud resource to control integrate move and manage it. It offers both all-flash arrays and hybrid flash arrays and its portfolio includes hybrid and all-flash storage offerings. The Company also offers FlexPod solutions for workloads such as big data HPC and video analytics that integrate Hadoop. Its scale-out fabric-attached storage (FAS) platform uses the NetApp Data ONTAP storage operating system. Its Data ONTAP software delivers data protection data management and software for virtualized shared infrastructures cloud computing and mixed workload business applications. The Company focuses on the data management and storage markets.